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Crypto

Japan seen as possible launch market for spot XRP ETF

A spot XRP exchange-traded fund could draw large inflows from pension funds and financial institutions and help expand the XRP market if it is approved in Japan, an analysis said. Observers cited Japan’s regulatory overhaul and distribution networks as factors that could support ETF demand and spur broader institutional interest in Asia. Japan’s cabinet has approved a bill to reclassify 105 cryptocurrencies as financial products, with implementation expected in fiscal 2027.

Crypto

Japan\'s SBI pushes bitcoin, XRP spot ETFs, eyes Tokyo Stock Exchange listing

Japan\'s financial firm SBI Holdings is pushing to launch exchange-traded funds holding bitcoin and XRP, aiming for a Tokyo Stock Exchange listing. It has outlined a “SBI Bitcoin/XRP ETF” in investor materials and also proposed a trust that allocates at least 51 percent to a physical gold ETF and up to 49 percent to crypto ETFs. The move comes as Japan revises rules to classify cryptocurrencies as financial products and tighten oversight.

Crypto

Japan to allow bitcoin buys via securities accounts as SBI, Rakuten pursue in-house trusts

Japan’s online brokerages SBI Securities and Rakuten Securities are developing in-house bitcoin and ethereum investment trusts for retail investors. The products would allow clients to gain crypto exposure within existing securities accounts, without opening a separate exchange account or wallet. The move comes as Japan’s Financial Services Agency is reported to be reviewing rules that could allow investment trusts and exchange-traded funds to include crypto assets.